PPP Loan Data — WT Transfer Holding Company, LLC, Fayetteville, AR
WT Transfer Holding Company, LLC
Entity: Limited Liability Company (LLC)
Location: Fayetteville, ARTweet This • Search All PPP Data
WT Transfer Holding Company, LLC is a limited liability company (LLC) located at 2501 N Shiloh Dr in Fayetteville, Arkansas that received a Coronavirus-related PPP loan from the SBA of $2,419,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Security Bank
WT Transfer Holding Company, LLC in Fayetteville, AR received a Paycheck Protection Loan of $2.42M through First Security Bank, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, WT Transfer Holding Company, LLC's 2019 payroll expenses are estimated to be at least $11.61M.
Based on their reported 191 jobs retained, this equals an estimated average yearly compensation of $60,792 per employee1
Reported PPP Proceed Usage:
On the PPP application, WT Transfer Holding Company, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,419,000
Business Information - WT Transfer Holding Company, LLC in Fayetteville, AR
2501 N Shiloh Dr
Fayetteville, AR 72704
Farm and Garden Machinery and Equipment Merchant Wholesalers
NAICS code 423820
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Fayetteville
In the Fayetteville area, 2 businesses in the "Farm and Garden Machinery and Equipment Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 106 employees (compared to this company's 191) and received an average PPP loan of $1,223,900 (compared to this company's $2.42M).
Similar Nearby Businesses Who Received PPP Funding:
Smileys Services LLC
Industry PPP Comparison Statistics
Nationwide, 3,216 businesses in the "Farm and Garden Machinery and Equipment Merchant Wholesalers" industry received a total of $635.92M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 17 employees, 91% lower than WT Transfer Holding Company, LLC's reported 191 employees, and received an average PPP loan of $197,736, 92% lower than this company's loan of $2.42M.
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Footnotes & Information
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